Declined for credit

Be careful applying for credit again in the short term, as that can affect your rating as well, especially if you get turned down again.
Definitely check your file to see if there is anything dodgy going on.
 
thebennyboy said:
Any CC recommendations? :p

Gonna leave it for a couple of weeks for now, don't wanna risk getting declined again.
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Weeks? You need to wait at least 12months mate. 12 I mean 12 on the day and dot.

Declines stay on file for 12 months so forget it, apply 12 months and 1 day then you be clean. In the mean time get your credit file checked.
 
Are you listed on the electoral register at the address you stated in your application? I'm led to believe that not being registered at that address on the electoral roll will have a bearing on your application. But I may be wrong and this only applies in the UK too.

I suggest this because as a student it's possible if you applied with your term address, you wont appear on the register if you haven't updated your details and are still registered at your parents' home.
 
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delllatitude said:
Are you listed on the electoral register at the address you stated in your application? I'm led to believe that not being registered at that address on the electoral roll will have a bearing on your application. But I may be wrong and this only applies in the UK too.

I suggest this because as a student it's possible if you applied with your term address, you wont appear on the register if you haven't updated your details and are still registered at your parents' home.
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The thing is i live with my parents. :p
 
itchy said:
Believe it or not mate but your parents might have trashed the address! :eek:

Its a mad game the credit business, you can play it but if one person at said abode clucks up then you all in the bad book. :(
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Nobody in this house has ever missed a payment on any form of credit, considering my parents have a mortage and many credit agreement/credit cards i doubt it's that. :p
 
Yeah definitely better to apply for a credit card on that situation on 0pc purchase

But 350.. I wouldn't apply again tbh for that amount. At most I'd do one more application, but not for 350

Best thing is to get those free trial things of you are really wanting to know
 
Credit reports are just weird. I had a £10,000 limit on my credit card, long story short, I took out a loan to pay about £6k off and after a couple of months got it down below £1k and reduced my credit limit down to £1k. Now to quote Credit Expert:

As you do not have any accounts with a credit limit over £1,000, this is having a negative effect on your Experian Credit Score.
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I have flawless credit rating and no outstanding debts and have been declined for a Sainsbury Nectar credit card twice now. I only want one because I do most of my shopping there (you get double points on it for store purchases) but for some reason they aint having it.

It really makes no sense sometimes.
 
traveyb said:
Credit reports are just weird. I had a £10,000 limit on my credit card, long story short, I took out a loan to pay about £6k off and after a couple of months got it down below £1k and reduced my credit limit down to £1k. Now to quote Credit Expert:
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What's weird about that? The more money financial institutions make off you (sustainably), the better your rating is.

People who pay off their debts in full before incurring interest aren't the customers they want.
 
traveyb said:
Credit reports are just weird. I had a £10,000 limit on my credit card, long story short, I took out a loan to pay about £6k off and after a couple of months got it down below £1k and reduced my credit limit down to £1k. Now to quote Credit Expert:
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balance-to-limit ratio Figuratively Speaking i lose points for just spending 10 quid a month
 
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itchy said:
Believe it or not mate but your parents might have trashed the address! :eek:

Its a mad game the credit business, you can play it but if one person at said abode clucks up then you all in the bad book. :(
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I wondered when the first nonsense post would appear. :p
Simply not true, as millions of people rent and move house - that would be ridiculous.
 
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